Oceans Healthcare Named to Inc. 5000 List of America's Fastest-Growing Companies for Second Straight Year

Aug 18th, 2017

PLANO, Texas (August 17, 2017)Oceans Healthcare, a nationally recognized provider of behavioral health services for older adults and seniors, has been named to the Inc. 5000 list of fastest-growing private companies in America for the second consecutive year.

“We are honored to be recognized again this year and humbled to stand beside some of the most successful companies in the country,” said Stuart Archer, CEO. “To us, success means increasing access to treatment options for at-risk individuals like older adults and providing those around them the support they need as they heal. It is our aim to continue our growth efforts and raise awareness of these important services so that anyone facing a mental illness will have access to the high-quality care they deserve.”

Oceans Healthcare has seen year-over-year growth with a more than 100 percent increase in the number of employees since 2012 and more than 90 percent increase in revenue during the same period.

Founded in 2004, the company provides inpatient and outpatient treatment with a focus on the unique physical and emotional needs of older adults and seniors. With 22 locations in Texas and Louisiana, Oceans take great pride in being the largest provider of inpatient geriatric behavioral health treatment in Louisiana and one of the largest in Texas.

In 2016, Oceans treated more than 10,000 patients in its inpatient facilities, opened two new intensive outpatient programs for adults 18 and older and had more than 2,000 admissions to its outpatient programs across its system.

Company Facts:

  • 496 total licensed beds
  • 16 inpatient hospital locations
  • Average age within inpatient program is 70
  • 14 intensive outpatient programs serving patients age 18 and older
  • Progressive inpatient/outpatient treatment model coordinates management of behavioral disorders for patient with extensive co-morbidities like diabetes, heart disease and COPD
  • CEO Stuart Archer serves as an at-large member of the National Association of Psychiatric Health Systems Board of Trustees and is a vocal advocate for increased access and coverage for behavioral health services
  • Recently named to the Dallas Business Journal’s list of 50 Fastest-Growing Mid-Market Companies in North Texas for the second year in a row

The Inc. 5000 ranks companies by overall revenue growth over a three-year period. Inc. also ranks the fastest-growing companies by industry, metro area, revenue and number of employees.

ABOUT OCEANS HEALTHCARE

Oceans Healthcare is a nationally recognized behavioral health provider focused on healing and long-term recovery. Founded in 2004, Oceans provides inpatient and outpatient treatment with a special focus on the unique physical and emotional needs of older adults and seniors. With 22 locations in Texas and Louisiana, Oceans hospitals treated more than 10,000 in 2016. The company was named to the Inc. 5000 list of fastest-growing private companies in America. For more information, visit www.oceanshealthcare.com.

ABOUT INC. AND THE INC. 5000

Methodology

The 2016 Inc. 5000 is ranked according to percentage revenue growth when comparing 2012 to 2015. To qualify, companies must have been founded and generating revenue by March 31, 2012. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2015. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2012 is $100,000; the minimum for 2015 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.

About Inc. Media:

Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Winner of the National Magazine Award for General Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 15,000,000 today.  For more information, visit www.inc.com.

The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation's most successful private companies has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates their remarkable achievements. The event also offers informative workshops, celebrated keynote speakers, and evening functions.

 

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ADDRESS
5850 Granite Parkway
Suite 300
Plano, TX 75024

PHONE (972) 464-0022
FAX (972) 464-0021

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